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Global X Solar ETF (RAYS)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS37960A7019
CUSIP37960A701
IssuerGlobal X
Inception DateSep 8, 2021
RegionGlobal (Broad)
CategoryAlternative Energy Equities
Index TrackedSolactive Solar Index
Home Pagewww.globalxetfs.com
Asset ClassEquity

Expense Ratio

The Global X Solar ETF has a high expense ratio of 0.50%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.50%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds to compare with RAYS

Global X Solar ETF

Popular comparisons: RAYS vs. TAN, RAYS vs. PBW, RAYS vs. FAN, RAYS vs. WNDY, RAYS vs. XOM, RAYS vs. CVX, RAYS vs. VOO

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Global X Solar ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-60.00%-40.00%-20.00%0.00%20.00%OctoberNovemberDecember2024FebruaryMarch
-51.40%
16.81%
RAYS (Global X Solar ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Global X Solar ETF had a return of -10.51% year-to-date (YTD) and -40.76% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-10.51%10.04%
1 month5.53%3.53%
6 months-12.04%22.79%
1 year-40.76%32.16%
5 years (annualized)N/A13.15%
10 years (annualized)N/A10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-18.99%8.40%
2023-14.63%-9.64%-14.81%2.09%12.61%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for Global X Solar ETF (RAYS) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
RAYS
Global X Solar ETF
-1.31
^GSPC
S&P 500
2.76

Sharpe Ratio

The current Global X Solar ETF Sharpe ratio is -1.31. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
-1.31
2.76
RAYS (Global X Solar ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Global X Solar ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM202320222021
Dividend$0.00$0.00$0.00$0.00

Dividend yield

0.00%0.00%0.00%0.02%

Monthly Dividends

The table displays the monthly dividend distributions for Global X Solar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-58.43%
0
RAYS (Global X Solar ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Global X Solar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X Solar ETF was 63.88%, occurring on Feb 5, 2024. The portfolio has not yet recovered.

The current Global X Solar ETF drawdown is 58.43%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-63.88%Nov 2, 2021567Feb 5, 2024
-6.99%Sep 10, 202117Oct 4, 20217Oct 13, 202124
-3.95%Oct 21, 20212Oct 22, 20213Oct 27, 20215
-0.73%Oct 14, 20211Oct 14, 20211Oct 15, 20212

Volatility

Volatility Chart

The current Global X Solar ETF volatility is 9.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%OctoberNovemberDecember2024FebruaryMarch
9.70%
2.82%
RAYS (Global X Solar ETF)
Benchmark (^GSPC)